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BK Enterprises Neither Sold nor Repurchased Any Shares of Stock

Question 91

Multiple Choice

BK Enterprises neither sold nor repurchased any shares of stock during the year. The firm had annual sales of $7,202, depreciation of $1,196, cost of goods sold of $4,509, interest expense of $318, taxes of $248, beginning-of-year shareholders' equity of $4,808, and end-of-year shareholders' equity of $4,922. What is the amount of dividends paid during the year?


A) $817
B) $1,009
C) $864
D) $709
E) $515

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